naziahwebb naziahwebb
  • 11-02-2020
  • Mathematics
contestada

What is the simple interest if you buy a $50,000 car at 11% for 15 years

Respuesta :

brian7672
brian7672 brian7672
  • 11-02-2020

Answer:

$132,500.00

Step-by-step explanation:

Formula of simple interest: P(1+rY)

50,000(1+0.11*15) [11% is equal to 0.11]

50,000(1+1.65)

50,000(2.65)

132,500

Answer Link

Otras preguntas

What contains paired statements that can be used to identify orgainisms
A dragster going at 5 m/s north increases its velocity to 23 m/s north in 4 seconds. What is its acceleration during this time interval?
What means "A fair exterior is a silent recommendation."(½ or 1 page).
ndia's Ganges River, a vital natural resource, is thought to be seriously contaminated. Why has the government been slow in cleanup efforts?
A dragster going at 5 m/s north increases its velocity to 23 m/s north in 4 seconds. What is its acceleration during this time interval?
what forced the king to call a meeting of the estate general?a.the kings efforts to tax the Second estateb.the kings plan to increase government debtc. the outr
Climate is best described as
96 divided by 6 in distributive property
number sequesnce...what next #?4 6 10 18 34 66 130
Mainland China is controlled by the Communists whereas Taiwan is controlled by